Air Industries announces 1-for-5 reverse stock split effective Nov. 20, 2026
AIRI•Air Industries Group will implement a 1-for-5 reverse stock split effective Nov. 20, 2026, reducing outstanding common shares from 4,856,181 to approximately 971,237. The split targets NYSE American’s $4 minimum initial listing price ahead of a planned merger with Tenax Aerospace Acquisition.
1. Split details
The reverse stock split takes effect at 12:01 a.m. Eastern Time on Nov. 20, 2026, with split-adjusted trading beginning that day. Fractional share entitlements will be rounded up to the next whole share.
